Even if the Bitcoin price drops to 47,000 USD, FLUX, SFP and Badger DAO are still soaring

Even if the Bitcoin price drops to 47,000 USD, FLUX, SFP and Badger DAO are still soaring


So far, the year-long mantra that the cryptocurrency market will peak in December has proven to be ineffective, and last week, most cryptocurrencies were under selling pressure, and Bitcoin (Bitcoin) Is encountering Transaction difficulty exceeds 47,000 USD.

In other words, December 10th is not all bad news for cryptocurrency holders, because some altcoins have successfully achieved double-digit gains due to new exchange listings and protocol upgrades.

The top 7 tokens with the largest price changes in 24 hours. source: Cointelegraph Markets Pro

Data from Cointelegraph Markets Pro and Transaction view Show that the biggest gains in the past 24 hours are Flux (FLUX), SafePal (SFP) and Badger DAO (BADGER).

FLUX benefits from “Binance shock”

Flux is a GPU mining proof-of-work protocol designed to create a scalable decentralized cloud infrastructure for Web 3.0 applications.

VORTECS™ data and NewsQuakes™ alerts come from Cointelegraph Markets Pro Before the recent price increase, a bullish outlook for FLUX began to be discovered on December 9.

Cointelegraph’s unique VORTECS™ score is an algorithmic comparison of historical and current market conditions. These data points include a combination of market sentiment, trading volume, recent price changes, and Twitter activity.

VORTECS™ score (green) and FLUX price. source: Cointelegraph Markets Pro

As shown in the figure above, the NewsQuake™ system issued a FLUX alert on December 9th, less than an hour after the price began to soar by 150% the next day.

The announcement that helped trigger the rapid increase in the price of FLUX is a notice that Binance will list FLUX tokens on its platform. Soon after this news was released, the price of FLUX rose to a record high of US$4.01.

SafePal adds support for nine new networks

The SafePal project is a cryptocurrency hardware and software wallet solution suitable for investors holding assets on Ethereum, Binance Smart Chain and Tron networks.

Data from Cointelegraph Markets Pro and Transaction view It shows that after hitting a low of US$1.55 on December 6, the price of SFP rose by 45.84%, hitting a daily high of US$2.27 on December 10, and its 24-hour trading volume soared by 50% to US$158 million.

SFP/USDT 4-hour chart. Source: TradingView

The strength of SFP’s construction comes from the project’s release of an updated version of its wallet application and the addition of support for Cardano, Nervos Network, Avalanche, Fantom, HECO Chain, Songbird, BOBA Network, Optimism and Arbitrum.

related: Traders who claimed that Bitcoin prices plummeted in 2017 raised concerns about “double tops”

Badger DAO prepares to reactivate its smart contract

Badger DAO is an open source decentralized autonomous organization that focuses on building products and infrastructure to improve the practicality of Bitcoin in the field of decentralized finance.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for BADGER on December 9th, before the recent price increase.

VORTECS™ score (green) and BADGER price. source: Cointelegraph Markets Pro

As shown in the figure above, BADGER’s VORTECS™ score soared to the green zone and reached a high of 75 on December 9, approximately three hours before the price rose by 48% that day.

When BADGER showed a positive price trend, the agreement tried to recover from the exploit on December 2, which caused the project’s smart contract to cease.

The overall cryptocurrency market value is now $2.218 trillion, and Bitcoin’s dominance rate is 40.7%.

The views and opinions expressed here only represent the views of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading action involves risk, and you should conduct your own research when making a decision.